The fourth quarter and full year 2022 financial results of Groupon, Inc. (NASDAQ: GRPN) will be made public on March 15, 2023, following the closure of market trading. At 5:00 PM ET, the business will also hold a conference call to discuss those results.
According to reports, Groupon Goods should start to generate positive cash flow in the fourth quarter of this year.
“Improving local purchase frequency is the most important measure of how well we are executing our strategy,” said CEO Kedar Deshpande, who is in charge of the back-to-basics shift, in the third-quarter earnings release. “We are going to be relentless in driving this number higher.”
Active local customers for the coupon business grew 22% year over year on the company’s foreign side, which generated $36.5 million in revenue last quarter.
The Zacks Internet – Commerce sector includes Groupon. A company from the same sector, TripAdvisor (TRIP), has increased 8.9% over the past month.
TripAdvisor’s most recent stated quarter saw revenues of $262 million, an increase of 113% year over year. EPS of $0.09 for the same time is down from $0.39 from the prior year.
Other recent Groupon purchases are Maple Rock that added 2 million shares (now Maple rock owns 3million shares – 9.9%) and Morgan Stanly added 1.25 million shares (now owns 1.75million), Intrinsic Edge capital added 1 million shares from BOA, Vanguard, Prentice and RPD. Short on Groupon only covered 200k shares from the last 4 months.
Etsy is currently trading at $105 and Groupon is trading currently at $5.70. If you compare both companies Groupon can easily reach over $50-$70 a share by end of 2023 which makes it a better investment and buy opportunity for the savvy investor.
Authors of this Newsletter own shares: of Groupon and Apple